Any individual applying for PRAYAS has to be an Indian Citizen with a government approved proof of nationality such as a valid passport, voter’s id etc. The applicant should be in the age group of minimum of 18 years, as on date of application.

1. Individual Innovator OR Team of Innovators: –
The innovator should have the knowhow of the PRAYAS project. For team of innovators there has to be –

1. An agreement among the team about the lead innovator who would apply, and the funds will be transferred to the lead innovator’s account (after selection)
2. IP generated would vest with the innovator / team and it would be further taken for commercialization

2. In case of Founders, Co -founders of Start up applying for PRAYAS:-

1. The startup should be incorporated in India with a minimum 51% of its equity held by Indian citizens.
2. At the time of application, the period of existence of a start up and its operations should not exceed 7 years from the Date of Incorporation,
3. Wants to develop the prototype for a new product, for which they may have not received similar kind of support.
4. Company should have annual turnover not exceeding Rs. 25 lakhs for any of the financial year since its inception
5. IP generated would vest with the start up

3. Innovators in employment OR Students with any R& D organisation / Academic Institution:-

1. It is mandatory that the innovators pursuing PRAYAS should have the Project know how and own the IP.
2. The innovator has to seek the NOC from their organisation / institution. The NOC should have the following
   1. Permission to apply for PRAYAS and the innovator will be granted sufficient time to work on the PRAYAS project,
   2. IP generated would vest with the innovator / team and it would be further taken for commercialization

4. Preference may be given to those innovators

1. Who have bootstrapped or have got co-investment commitment.
2. Who have clear road map for commercialization or start up creation.
3. Women innovators
4. Young innovators

5. The NIDHI-PRAYAS grantee should be registered for the pre-incubation or incubation program at the TBI for the entire duration of the program, after going through the TBI’s selection process.

6. NIDHI-PRAYAS grantee should be fully committed to work towards the prototype development for which the support is being sought and should not treat this as a stop gap arrangement to support any other pursuits.

7. The innovator can avail the NIDHI-PRAYAS support only once and they should not have sought the similar support previously, from other Government of India organisation/Institution for the same innovative concept as proposed in the application form.